-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photos
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In-Depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels and Food
-
Special Report
-
Yes Teens!
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
Focus
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food and Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
At a Glance
    2020-05-12  08:53    Shenzhen Daily

Investment in US

CHINESE direct investment in the United States dropped to the lowest level since 2009 last year amid bilateral tensions, and the COVID-19 pandemic will continue to weigh on investment flows between the world’s two biggest economies, according to a report.

U.S. investment into China grew slightly in 2019 to US$14 billion, with overall two-way flows flattening after big declines in the previous two years. Chinese investment in the United States dropped to US$5 billion that year from US$5.4 billion the year before, according to the report. Venture capital flows saw a steeper drop in both directions amid more regulatory scrutiny from the United States and investor concerns that China’s tech market was overheating, said the report.

New bank loans

BANKS in China extended 1.7 trillion yuan (US$240.05 billion) in new local-currency loans in April, down from March but beating analyst expectations.

Analysts polled previously had predicted new yuan loans would fall to 1.4 trillion yuan in April, down from 2.85 trillion yuan in the previous month and compared with 1.02 trillion yuan a year earlier. China’s outstanding total social financing was 265.22 trillion yuan at the end of April, up 12 percent from a year earlier, the central bank said yesterday. Broad M2 money supply in April grew 11.1 percent from a year earlier, official data showed.

Interest rates

THE central bank said it lowered interest rates on its standing lending facility (SLF) in April, catching up with similar reductions in other liquidity tools as part of China’s efforts to support the coronavirus-hit economy.

The People’s Bank of China said it had cut SLF rates by 30 basis points Sunday, bringing borrowing costs on overnight, seven-day and one-month loans to 3.05 percent, 3.2 percent, 3.55 percent, respectively.

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn